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Kim Hjelmgaard USA TODAY Published 4:04 AM EST Nov 30, 2018 President Donald Trump’s intense interest in developing luxury real estate in Moscow stretches back decades, according to court documents, his public statements and interviews the president gave before moving into the White House. Trump's long-standing ties to Russia are back in the spotlight because his former lawyer Michael Cohen pleaded guilty Thursday to lying to Congress in connection with the Justice Department's special counsel probe into whether Trump or any members of his inner circle colluded with Russia during Trump's 2016 presidential campaign. Cohen, who previously pleaded guilty to tax fraud and other campaign-related financial violations, admitted making false statements to lawmakers about the timing of Trump’s efforts to develop a Trump Tower in Moscow. The development is potentially significant because Trump has consistently denied any financial ties … [Read more...] about Michael Cohen’s guilty plea puts spotlight on Trump’s Russia ties

Christal Hayes USA TODAY Published 7:50 PM EST Nov 29, 2018 WASHINGTON - The Trump Organization planned to offer a $50 million penthouse suite to Russian President Vladimir Putin amid negotiations over a real estate deal to build a Trump Tower in Moscow, according to a report by BuzzFeed News. The bombshell report includes Felix Sater, a longtime Donald Trump associate accused of having Russian mafia ties, telling BuzzFeed News that he and Michael Cohen, the president's former attorney and fixer, thought giving the suite to Putin could help sell other apartments. "In Russia, the oligarchs would bend over backwards to live in the same building as Vladimir Putin," Sater told BuzzFeed News. "My idea was to give a $50 million penthouse to Putin and charge $250 million more for the rest of the units. All the oligarchs would line up to live in the same building as Putin." BuzzFeed notes other unnamed officials confirmed the existence of the plan and … [Read more...] about Trump Organization planned to give Putin penthouse in Moscow

Donald Trump has slipped down the rankings of America’s richest people, sliding 11 spots in the past 12 months to be named the 259th wealthiest person in the United States. Before Mr Trump launched his presidential campaign, he was ranked by Forbes, in their 2014 listing of the 400 richest Americans, as being the 122nd richest. He announced his bid for the White House in June 2015; by October of that year he had slid to being the 138th richest. In October 2016, when he was in the final stages of the presidential campaign, he was ranked 156th on the list. And by last year his place in the league had slipped further: the New York billionaire, by then in the White House, was 248th. Mr Trump’s wealth, however, has remained constant over the past year – despite his dropping down the list, as other billionaires became wealthier and overtook him. According to Forbes Mr Trump is worth $3.1 billion (£2.4bn). The richest person on this … [Read more...] about Donald Trump’s ranking on list of America’s wealthiest continues to fall

In case you've forgotten about them, President Donald Trump's personal income tax returns still matter. So do the Trump Organization's business relationships and finances. If you ever doubted either of those things, consider the president's meeting in Helsinki on Monday with Russian President Vladimir Putin.During their press conference, the subject of "compromising" information arose at the very end of their briefing."Sir, do you — does the Russian government have any compromising material on President Trump or his family?" Jonathan Lemire, an Associated Press reporter, asked Putin.Trump shook his head and smirked, gazing down at his lectern. Putin chuckled."Yeah, I did hear these rumors that we allegedly collected compromising material on Mr. Trump when he was visiting Moscow," Putin replied, before noting that it was impossible to gather intelligence on the multitude of Western businesspeople who visit Russia. Trump was never important enough in his pre-presidency days to … [Read more...] about A New Reason for Trump to Release His Tax Returns: Helsinki

President Donald Trump’s net worth slipped to $2.8 billion, a decline of $100 million over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell.The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data and a May 16 financial disclosure. It occurred as Trump began his second year in the White House and his name was stripped from buildings in Toronto, Manhattan and Panama.The most recent estimate, down from $2.9 billion last June, is the lowest since Bloomberg began tracking Trump’s wealth in 2015. The biggest declines, totaling $220 million, came from adjacent buildings in midtown Manhattan: 6 E. 57th St., which previously housed a Niketown store, and Trump Tower, where lower occupancy resulted in less income.The Trump Organization’s 16 golf and resort properties also dropped in value, by $70 million, as revenue fell at some courses and … [Read more...] about Trump’s Net Worth Slides to $2.8 Billion, Lowest Since Campaign